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The sales for the September 2017 quarter moved down to Rs. 2408.87 millions as compared to Rs. 2796.70 millions during the year-ago period.Net profit surges 66.22% to Rs. 336.06 millions from Rs. 202.18 millions in the quarter ended September 2017.The company reported a good operating profit of 606.60 millions compared to 347.66 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201709 201609 % Var 201709 201609 % Var 201703 201603 % Var Sales 2408.87 2796.70 -13.87 5635.03 5570.20 1.16 10374.75 9528.38 8.88 Other Income 6.09 7.35 -17.14 16.10 17.20 -6.40 28.14 35.67 -21.11 PBIDT 606.60 347.66 74.48 1312.45 823.49 59.38 1668.90 1169.25 42.73 Interest 35.08 47.35 -25.91 87.14 98.57 -11.60 180.46 226.72 -20.40 PBDT 571.52 300.31 90.31 1225.31 724.92 69.03 1488.44 942.55 57.92 Depreciation 55.62 43.28 28.51 106.85 85.81 24.52 171.88 175.38 -2.00 PBT 515.90 257.03 100.72 1118.46 639.11 75.00 1316.56 767.17 71.61 TAX 179.84 54.85 227.88 391.43 136.39 186.99 300.96 163.52 84.05 Deferred Tax 18.08 -0.10 -18180.00 35.09 -0.10 -35190.00 386.42 0.00 0.00 PAT 336.06 202.18 66.22 727.03 502.72 44.62 1015.60 603.65 68.24 Equity 307.98 307.98 0.00 307.98 307.98 0.00 307.98 307.98 0.00 PBIDTM(%) 25.18 12.43 102.57 23.29 14.78 57.54 16.09 12.27 31.09
The revenue zoomed 16.32% to Rs. 3226.16 millions for the quarter ended June 2017 as compared to Rs. 2773.50 millions during the corresponding quarter last year.A comparatively good net profit growth of 30.09% to Rs. 390.97 millions was reported for the quarter ended June 2017 compared to Rs. 300.54 millions of previous same quarter.The company reported a good operating profit of 705.85 millions compared to 475.83 millions of corresponding previous quarter. (Rs. in Million) Quarter ended Year to Date Year ended 201706 201606 % Var 201706 201606 % Var 201703 201603 % Var Sales 3226.16 2773.50 16.32 3226.16 2773.50 16.32 10374.75 9528.38 8.88 Other Income 10.01 9.85 1.62 10.01 9.85 1.62 28.14 35.67 -21.11 PBIDT 705.85 475.83 48.34 705.85 475.83 48.34 1668.90 1169.25 42.73 Interest 52.06 51.22 1.64 52.06 51.22 1.64 180.46 226.72 -20.40 PBDT 653.79 424.61 53.97 653.79 424.61 53.97 1488.44 942.55 57.92 Depreciation 51.23 42.53 20.46 51.23 42.53 20.46 171.88 175.38 -2.00 PBT 602.56 382.08 57.71 602.56 382.08 57.71 1316.56 767.17 71.61 TAX 211.59 81.54 159.49 211.59 81.54 159.49 300.96 163.52 84.05 Deferred Tax 17.01 0.00 0.00 17.01 0.00 0.00 386.42 0.00 0.00 PAT 390.97 300.54 30.09 390.97 300.54 30.09 1015.60 603.65 68.24 Equity 307.98 307.98 0.00 307.98 307.98 0.00 307.98 307.98 0.00 PBIDTM(%) 21.88 17.16 27.53 21.88 17.16 27.53 16.09 12.27 31.09
IG Petrochemicals is currently trading at Rs. 416.45, up by 12.20 points or 3.02% from its previous closing of Rs. 404.25 on the BSE.The scrip opened at Rs. 438.00 and has touched a high and low of Rs. 440.00 and Rs. 412.10 respectively. So far 101725 shares were traded on the counter.The BSE group `B` stock of face value Rs. 10 has touched a 52 week high of Rs. 440.00 on 04-May-2017 and a 52 week low of Rs. 124.10 on 26-May-2016.Last one week high and low of the scrip stood at Rs. 440.00 and Rs. 383.60 respectively. The current market cap of the company is Rs. 1287.99 crore.The promoters holding in the company stood at 72.22%, while institutions and non-institutions held 0.20% and 27.59% respectively.IG Petrochemicals has posted over 2-fold jump in its net profit at Rs 28.07 crore for the quarter ended March 31, 2017 as compared to Rs 11.98 crore for the same quarter in the previous year. Total income from operations of the company increased by 34.94% at Rs 289.27 crore for quarter under review as compared to Rs 214.37 crore for the quarter ended March 31, 2016. For the year ended March 31, 2017, the company has posted a jump of 68.26% in its net profit at Rs 101.56 crore as compared to Rs 60.36 crore in FY16. Total income from operations of company increased by 8.88% at Rs 1037.48 crore for year under review as compared to Rs 952.84 crore for the year ended March 31, 2016. For the year ended March 31, 2017, on the consolidated basis, the company has posted rise of 68.12% in its net profit at Rs 101.19 crore as compared to Rs 60.19 crore in the previous year. Total income from operations of company increased by 8.88% at Rs 1037.48 crore for year under review as compared to Rs 952.84 crore for the year ended March 31, 2016.
IG Petrochemicals has informed a copy of Investor Presentation Q3 FY 17.The above information is a part of company’s filings submitted to BSE.
IG Petrochemicals has informed about Result Press Release for the period ended December 31, 2016.The above information is a part of company’s filings submitted to BSE.
IG Petrochemicals has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended December 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.
IG Petrochemicals has informed that the 27th Annual General Meeting (AGM) of the Company will be held on August 31, 2016.The above information is a part of company’s filings submitted to BSE.
IG Petrochemicals has informed about Schedule of Analyst / Institutional Investor meetings.The above information is a part of company’s filings submitted to BSE.
IG Petrochemicals has informed about Outcome of Board Meeting held on February 11, 2016.The above information is a part of company’s filings submitted to BSE.
IG Petrochemicals is currently trading at Rs. 135.00, up by 3.70 points or 2.82% from its previous closing of Rs. 131.30 on the BSE.The scrip opened at Rs. 137.00 and has touched a high and low of Rs. 139.00 and Rs. 133.40 respectively. So far 10887 shares were traded on the counter.The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 174.40 on 03-Aug-2015 and a 52 week low of Rs. 40.00 on 18-Feb-2015.Last one week high and low of the scrip stood at Rs. 139.00 and Rs. 113.00 respectively. The current market cap of the company is Rs. 404.34 crore.The promoters holding in the company stood at 72.22% while Institutions and Non-Institutions held 0.06% and 27.72% respectively.IG Petrochemicals through its wholly owned subsidiary IGPL (FZE) has entered into a Joint Venture (JV) with Dubai Natural Gas Co., UAE (DUGAS) for the manufacturing of Maleic Anhydride with a capacity of 45,000 MTPA. DUGAS is a wholly owned subsidiary of the Emirates National Oil Company (ENOC) and are a well diversified large conglomerate with interest in the oil and gas industry. The JV will be called ENOC - I G Petrochemicals LLC.IG Petrochemicals is a dominant player in the domestic Phthalic Anhydride (PAN) industry. IGPL has its manufacturing facilities located at Taloja, Maharashtra.
IG Petrochemicals has informed about a press release titled ‘IGPL, DUGAS to set up a new JV in UAE’.The above information is a part of company’s filings submitted to BSE.
IG Petrochemicals has informed that a meeting of the Board of Directors of the Company will be held on November 25, 2015, to consider the new business opportunity. For this purpose, the trading window for Directors, Officers and other connected persons shall remain closed from November 24, 2015 to November 27, 2015.The above information is a part of company’s filings submitted to BSE.